Colombia and Bolivia were some of the Latin American countries with the lowest savings rate in 2021. Meanwhile, gross savings in Chile amounted to slightly roughly 18.7 percent of its gross domestic product (GDP), while in the case of Brazil, it amounted to 17.4 percent. The countries with the highest gross savings to GDP ratio were Jamaica, Panama, and the Dominican Republic.
Gross savings as share of gross domestic product (GDP) in Latin American countries in 2021
Characteristic
Gross savings rate
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The gross savings were calculated as the the country's gross national income minus the overall consumption, adding the value of net transfers, which can either be negative or positive.
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World Bank. (May 30, 2023). Gross savings as share of gross domestic product (GDP) in Latin American countries in 2021 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1390252/gross-savings-as-share-of-gdp-in-selected-latin-american-countries/
World Bank. "Gross savings as share of gross domestic product (GDP) in Latin American countries in 2021." Chart. May 30, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1390252/gross-savings-as-share-of-gdp-in-selected-latin-american-countries/
World Bank. (2023). Gross savings as share of gross domestic product (GDP) in Latin American countries in 2021. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1390252/gross-savings-as-share-of-gdp-in-selected-latin-american-countries/
World Bank. "Gross Savings as Share of Gross Domestic Product (Gdp) in Latin American Countries in 2021." Statista, Statista Inc., 30 May 2023, https://www.statista.com/statistics/1390252/gross-savings-as-share-of-gdp-in-selected-latin-american-countries/
World Bank, Gross savings as share of gross domestic product (GDP) in Latin American countries in 2021 Statista, https://www.statista.com/statistics/1390252/gross-savings-as-share-of-gdp-in-selected-latin-american-countries/ (last visited August 24, 2024)
Gross savings as share of gross domestic product (GDP) in Latin American countries in 2021 [Graph], World Bank, May 30, 2023. [Online]. Available: https://www.statista.com/statistics/1390252/gross-savings-as-share-of-gdp-in-selected-latin-american-countries/
